GLOBALT Investments LLC GA Has $1.21 Million Stock Holdings in Capital One Financial Corporation $COF

GLOBALT Investments LLC GA cut its stake in shares of Capital One Financial Corporation (NYSE:COF) by 1.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,675 shares of the financial services provider’s stock after selling 71 shares during the period. GLOBALT Investments LLC GA’s holdings in Capital One Financial were worth $1,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Capital One Financial by 18.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock worth $10,010,000 after purchasing an additional 9,374 shares during the period. Plancorp LLC acquired a new stake in shares of Capital One Financial during the second quarter worth $272,000. Creative Financial Designs Inc. ADV raised its position in shares of Capital One Financial by 105.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 394 shares during the period. Private Advisor Group LLC raised its position in shares of Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after purchasing an additional 1,312 shares during the period. Finally, Mutual Advisors LLC acquired a new stake in shares of Capital One Financial during the first quarter worth $215,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF stock opened at $224.93 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.02. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The stock’s 50-day moving average is $219.38 and its two-hundred day moving average is $205.25. The firm has a market cap of $143.85 billion, a P/E ratio of 94.91, a PEG ratio of 0.77 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, topping the consensus estimate of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. During the same period in the prior year, the firm posted $4.51 EPS. The business’s revenue was up 53.4% compared to the same quarter last year. Analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio is presently 101.27%.

Insiders Place Their Bets

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares of the company’s stock, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,184 shares of company stock valued at $2,799,248 in the last three months. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Rothschild & Co Redburn assumed coverage on Capital One Financial in a research report on Friday, August 1st. They set a “buy” rating and a $290.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research report on Wednesday. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Citigroup upped their price target on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday. Finally, UBS Group dropped their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $260.79.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.